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The UK's Competition and Markets Authority has announced it's "preventing" Microsoft's proposed acquisition of Activision Blizzard "over concerns the deal would alter the future of the fast-growing cloud gaming market."
In its statement, the CMA said that Microsoft "failed to effectively address the concerns in the cloud gaming sector."
source https://www.gamesindustry.biz/breaking-microsoft-vows-to-appeal-as-the-uk-regulator-blocks-its-acquisition-of-activision-blizzard